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प्रश्न
How does the state fulfil the following socio-economic objective?
Reducing income inequality.
थोडक्यात उत्तर
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उत्तर
- Income inequality is very harmful to the society as a whole. The state can reduce income inequality through the system of progressive taxation, nationalisation of private industries and also by providing free education and medical facilities to the poor.
- By setting up public sector enterprises, the government can generate lots of new jobs for the unemployed.
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Role of State in Economic Development
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संबंधित प्रश्न
______ is an example of commercial revenues.
Under ______ the rate of tax increases with rise in tax payer's income.
Instruments of fiscal policy is:
Which of the statement is true for income tax?
Match the following:
| Column I | Column II | ||
| A. | Impact of tax | (i) | Price stability |
| B. | Incidence of tax | (ii) | Simple to calculate |
| C. | Objective of Monetary Policy | (iii) | Ultimate burden of tax |
| D. | Proportional tax | (iv) | Original imposition of tax |
Define direct tax
Classify the following type of tax into direct and indirect taxes:
Sales tax
Define a tax.
Explain the significance of taxes.
Citing reasons state the superiority of Fostering civic consciousness by direct tax over the same by indirect tax.
